Ascend expands composite production to Latin America

On December 9, Ascend Performance Materials announced plans to acquire a composite material manufacturing plant in San Jose Itubidi, Mexico, to expand its global footprint and expand the production of high-performance engineering materials Ability

The acquisition agreement includes the assets of DM Color Mexicana, which is a joint venture between Dainichiseika and Mitsubishi Corporation

Phil McDivitt, President and CEO of Ascend, said: “We continue to invest and expand our engineered materials business and focus on regional production

In the past three years, Ascend, a fully integrated and durable engineering material manufacturer, has expanded its global production footprint through four acquisitions

Isaac Khalil, Senior Vice President of Ascend Polyamide Products, said: "We are always investing in global manufacturing footprints, developing new materials, and improving technical services and support to continue our commitment to supporting customer growth and innovation

Details of the transaction were not disclosed